CoStar Group (NASDAQ:CSGP) Sets New 52-Week Low – Time to Sell?

CoStar Group, Inc. (NASDAQ:CSGP)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $29.08 and last traded at $29.22, with a volume of 7005582 shares traded. The stock had previously closed at $30.12.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group decreased their price objective on CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. BTIG Research reaffirmed a “buy” rating and issued a $55.00 price target on shares of CoStar Group in a research note on Wednesday, April 29th. Benchmark initiated coverage on CoStar Group in a research report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

CoStar Group Stock Down 3.0%

The company has a market capitalization of $11.93 billion, a P/E ratio of 487.08, a PEG ratio of 0.77 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company has a 50 day moving average of $34.27 and a 200-day moving average of $47.50.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. During the same quarter in the prior year, the company posted ($0.04) EPS. CoStar Group’s quarterly revenue was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. The trade was a 4.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Reflection Asset Management bought a new stake in shares of CoStar Group during the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new position in CoStar Group in the fourth quarter worth about $29,000. DV Equities LLC bought a new position in CoStar Group in the fourth quarter worth about $40,000. IFP Advisors Inc lifted its holdings in CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares during the period. Finally, Rossby Financial LCC lifted its holdings in CoStar Group by 47.5% in the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after buying an additional 162 shares during the period. 96.60% of the stock is currently owned by institutional investors.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.